Money Beat

Here we go again... Hey I have an idea: Can we give Morgan Stanley $85 Billion but under condition that they go to Dana Point California for a retreat right after that?

THIS IS RIGHT after the ban on short selling was lifted.

This market is in need of training wheels.

Could it be that we should ban short selling until the end of the year?

So only Goldman Sachs is left of all the top investment firms? And who are the two individuals from Goldman Sachs that are in charge of creating the way out of this mess - Paulsen and Kashkari. Interesting don't you think!

It might be ironic to note that it was J.P. Morgan himself who unsuccessfuly tried to save the stock market in 1929 by dumping money in. I guess he figured if he had more money than the government, it was up to him.

be very clear that the false 14000 we saw last year was built on ...what we have learned in the past three weeks is that 14000 was built on nothing.

so when everyone wants to blame Fannie and freddie...etc

and the actually fiscally and morally sensible idea for people to achieve homeownership as long as the mortgage companies know that securitues and speculation will not save them... and it is reasonably regulated...

greed is good in a capitalist democratic society... as long as their is a basic framework of regulation and structure... and capitalist democracies are successful as we as a nation have been...when they are touched by grace...

it is when those regulations are removed as aggressively and selfishly as they were ...

this falls on one man as far as I am concerned...

these investment banks that backed mortgages at a rate of ten to one for the money they actually had.

it was built on the back of Gramm's bill...

it was built on the backs of deregulation

you see that is what rampant deregulated speculation can do

just like Enron.

ugh

No, it won't make it.

I have the answer....NO! Morgan Stanley will not last the weekend. I have insider information that says the organization has already decided to merge....sell you stocks now....sell all your bank stock and get out of the stock market.

I think babaor is right, I heard the same thing, I'm selling my shares

This is just terrible

My dad lost his pension when Polaroid closed shop and sold out their workers...

he recovered by working really hard on staying on top of investments he made with what little money he and my mom had...

today ...he called and asked if they could move in with me...

and a very proud man cried.

too bad someone couldn't look into the future back in 1999 and we pulled all this speculation bologne off...

Maybe a credit union in Alaska will buy them.

where are the rich going to stash their cash? there won't be enought banks to secure the 250k. this could mean new business's will emerge. the rich may just open family business and this may be great for the country as a whole and will keep families together. the 250k should enable banks to have enough cash to survive so i am surprised to continue hearing that more and more banks are closing. since almost 80 million people will be retiring in next several years they could get in to pharmaceuticals and retreats, nursing homes and anything to do with aging. we need to change with the times and for last several years it was financing and maybe the near future is on an aging society. i'm thinking of going to nursing for lots of reasons, mostly i want to do something meaninfull since my poli sci degree and financing has been nothing but stressfull. forget fear, let's join together and be brave like mr bush, like it or not, he has shown strenght and courage and persistence and that's more than most of us could or would want to.

"THIS IS RIGHT after the ban on short selling was lifted.

This market is in need of training wheels.
" - You couldn't be more misguided. Short selling is a vital part of a free market: http://www.mises.org/story/3139

I doubt they will make it through the weekend. Not unless they beg the Government to bail them out too. What a farse this has all become. Just goes to show that if you are a power hungry company and you screw the World for as long as they have it will come back and bite them in the ARSE!!! Once everything finally calms down again and all these money hungry S.O.B.'s are out of power and prosecuted (Not Likely!) then everything will start to turn around. It's because of Futures and shady mortgage lending the caused all this mess. Look at the fact that Oil has dropped considerably and now OPEC is talking about cutting production so they can drive the price back up. Hold on folks more is to come..

"What a farse this has all become. Just goes to show that if you are a power hungry company and you screw the World for as long as they have it will come back and bite them in the ARSE!!! " That's not a farce, that's capitalism. An example of a farce is ivory tower eggheads fixing the interest rate, instead of letting it be based on the collective, subjective preferences of market participants. The government extracting $850 billion from public funds to prop up zombie companies is another farce.

"you see that is what rampant deregulated speculation can do" - Yes, we need more regulators. Like those at the Federal Reserve who doubled the M3 money supply in only 7 years. If only there were more regulators, the fiat currency and fractional reserve lending house-of-cards would surely be stable.

I hope Morgan Stanley has Paulson's direct line.

gh - Amen to that.. I'm just stating that as a whole this is all so screwed up that we have to bail out big business that obviously didn't take care of their customer. As the CEO for Lehman (SP) tried to defend his 484 Million in Bonuses.. "This is going to pain him for the rest of his life and he is going to take it to the grave with him". Yea it's so painful when you have 4 houses, Millions to live on for the rest of his painful life. Personally you want to make it painful. Freeze his assets, Sell off all his houses, belongings, etc.. Give it to the people who worked for the company and throw his butt in Jail.. Not the country club jail either. Ban him from the financial businesses. Then when he gets out he can find out how hard it is to earn a buck.

Remember the late NBC's Tim Russert's FLORIDA, FLORIDA, FLORIDA board on that 2000 cliffhanger? well, people are asking "they have tried everything - the government that is and nothing is working." What will it take to fix this mess? I say: CONFIDENCE, CONFIDENCE, CENFIDENCE! No amount of bail out can restore consumer confidence, not even a Trillion dollar rescue plan. I say we get a new President and he outlines his plan and you will see things startin gto happen. Until then, up and down and up and down and up and...

I can see russia from my porch!

I hear that Morgan Stanley has had 3 suicides so far . . .

I think the comments prove the rule of:

Normal person + anonymity + audience = total retard.

People posting all these comments are probably the ones that have shorts on the company.

I can see Obamas buddy Ayers from my front porch. He's still standing on Old Glory.

I'm sure Morgan Stanley will make it cause we will just bail them out as well.

we will no longer be fat americans as many will lose weight over this.

If all these "educated" individuals would truly put on their "thinking caps" they would see that the best way to help our ecomony is to distribute the "8.5 billion dollar bail" out EVENLY among registered voters. Those voters would pay off their motgages, buy products,save in banks (thereby giving banks money to back loans) and create jobs to provide the products that would be bought! INSTEAD of the government buying interest in banks that would give the government MORE power in people's lives! And just think, WHO would we be giving the power to? China... who have extended HUGE loans to America, that's who! Put on YOUR thinking caps America! Wake up before it's too late, PLEASE!

Now Paulson is holding a press conference saying the U.S. will buy stock in U.S. banks.

Great, here comes socialism. And I moved away from France to get away from this.

THIS IS THE GOP'S BED, NOW THEY HAVE TO SLEEP IN IT.

Print a few hundred billion for them they'll be just fine. Fine until that paper is worth less than the ink they use to print it...

-best advice -pay off what ever you can -
own what you buy from here on out -so the banks and repo companys wont take it down the road when runaway inflation hits after a great depression -read what happened to argentina-the 70 s i think and also-germany after world war one -the moey became worthless as the prices skyrocketed -so in the end the banks that did survive -confiscated everything -so again own what you buy -dont give any an inch to mess up your credit and take things -save up for hard times -there on the way -the stocks effect the trucking industry -the trucking industry effects the costs in the super markets
the higher prices effect loss of spending purchases -loss of purchaces effect employment -and no one can get loans worth a damn anymore -----oh i alsmost forgot -we havent hit bottom of the barrel yet on credit and mortgauge crisses yet so it aint over -and winters just comming into view - ----ill see you later in the soup lines or on the hunting hikeing camping fishing minning
trail -thats what my dad did in the great depression -get creative america -hustle more --daniel-the future fedral government bail out -one neighbor asks another -can you spare a dime mister -the reply is -i cant make cents -or sence

Read Carlotta's blog.
Carlotta for President.

And this is the same Administration that pushed to revive social security by having us all put our retirement money in the stock market!

I remember G.W. pushing that scam!

Isn't it funny how noone in Washington saw this coming...

In my opinion it's probably a good thing as the stock market was getting way out of hand and the rich were just getting disgustingly richer.

Maybe, just maybe this will bring reality back into the ballgame and make people a little more weary.

investors speculated on its future. just more gamblin lingo. i say they should all die and burn in hell for what they have done to our country.

Let them fail. In capatilist societies we go bankrupt when business fails. It's the only way to correct the corrupt business cycle systems. Google H. R. 2755 and then demand the low lifes in Congress act now - 1 page, versus 455 pages of nothing for you and I other than a future of debt and bailouts.

I think the Media is driving everyone crazy. Fear and greed are being fueled. Stay calm and think of ways of getting out of debt. I also think to get this economy moving we have to spend some money personally. Remember the trickle down effect of Reagan. Get the democrats out Barney Frank Pelosi and Obama this will get us moving again.

I think the whole thing is an orchestrated collapse.Washington is the CORPORATION.They are puppets of GLOBALIZATION.They have created an immoral systen doomed for failure.They are hollowed out men who say evil is good and good is evil.They are liars and they are thieves.And many in this country are like them.And now that money has shown itself as exactly what it really is,everyone is shocked.Money can not be your god or make you into a god.

The question is not whether Morgan Stanley will survive. The question is will our freedoms, our liberties, our nation survive as the government encroaches more and more on this economy.

The question should be why are the crooks in Congress who are in cahoots with the crooks in the financial/mortgage industry behind bars right now? How can we expect the fox to guard the henhouse when it has a large appetite for our money?

Why should we worry about Al Quiada? We have the democratic Congress who are doing a great job of destroying this country. John McCain sounded the alarm years ago, before the hour was this late, but the partisan dems didn't listen.

The number one cause of this was Bush jr, he had the job to oversee this and didnt. He has no plan to reform these companies, there is no reason for a CEO to make million even in good times. It is a waist of company money and puts them out of touch with the people that do the hard work in most companies.

I work on aircraft for far less than what a CEO makes. I do not get to make mistakes and if I did it is not the stock value that people have to worry about crashing.

If people want to restore faith in the market. Cap CEO's pay to no more than 5 times the lowest paid person in the company and start prosicuting people for the bad loans.

Headline from an article on bloomberg.com back in 2004 reads:

"JPMorgan, Banks Back Lenders Luring Poor With 780 Percent Rates"

I hope JPMorgan doesn't make it thru the weekend...IMO, these types of businesses(payday advance lenders) are shameless and have harmed all Americans with their tactics of greed and exploition, under the guise of "helping" the poor.

But there is no justice, because if JPMorgan fails, taxpayers will again be asked to bail out those at the top.